International Tax Group

Our international tax group is advising on national and international tax implications of clients’ global business activities. The group’s team members have many years’ experience in structuring international corporate set ups and individuals under consideration of their tax exposure.

While we would like to emphasize that we are strictly refraining from any kind of tax evasion advise to the disadvantage of local tax authorities, we do advice clients on fully compliant and legally sound set up structures, which consider international, national and bilateral tax agreements, e.g. double taxation agreements, in place. Our chartered accountants and offer as well support with bookkeeping, preparation of tax declaration and accounting services.

Introduction of VAT in the GCC

It has been officially confirmed that the UAE will implement VAT at the rate of 5% on 1st January 2018.

Other GCC countries may do so at the same time or by 1st January 2019, at the latest. It is now understood that the six GCC countries have now all signed the VAT agreement paving the way for VAT introduction across the GCC in 2018. The next steps are for local implementation laws to be agreed in each country. Businesses with operations in the GCC countries of the United Arab Emirates, Saudi Arabia, Bahrain, Oman, and Kuwait will all be affected.